Reining in the Fed

Today @ 10 a.m. (EST) on WAMU 88.5's The Diane Rehm Show: A Senate bill would dramatically reduce the Federal Reserve's powers to oversee Wall Street and regulate banks. An update on ongoing political efforts to rein in the Fed and revamp the nation's financial regulatory system.

Do you think greater oversight is necessary?

Tags: banks, diane rehm show,, economy,, federal reserve,, oversight,, regulation, wall street,

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Permalink Reply by ezlovr1 on November 12, 2009 at 10:51am: I think everyone is to blame but certainly the big greedy banks but we have tol remember the "real" cause of the bust. It started with the runaway oil prices that caused everyone to have to reevaluate the daily lives due to the gas guzzling cars and over leveraging people with credit cards and minimum payments. Because all regulations were minimized due to the feeling that the "market will set the tone" kind of left the fox guarding the "hen house".; ▶ Reply to This

Permalink Reply by ezlovr1 on November 12, 2009 at 10:58am: Consider the misbehavior of banks but DON'T FORGET EXCESSIVE OIL PRICES STARTED THE UNRAVELING! Imagine a Ferrari on the autobahn, speeding across as you listen to the purr of the engine and the firmness and responsiveness of the steering as you approach 154 miles per hour then you have a tire blow out. Who knew the tires was going to blow and when?? And if one knew, why didn't someone slow down the darned thing before the tire caused all kinds of damage to the rest of the automobile??; ▶ Reply to This